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Power Grid to raise up to Rs 5,000 crore through bond issue
Power Grid Corporation of India Limited has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds under its 82nd issue for 2025-26. The decision was taken by the company’s Committee of Directors for Bonds on August 5, 2025. The total size of the issue is up to Rs 5,000 crore, comprising a base size…
Waaree Energies secures 180 MWp solar module supply order
Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India. Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025. This contract underscores Waaree’s role in advancing India’s renewable energy infrastructure.
Tata Electronics, ASMPT partner for semiconductor assembly
Tata Electronics has signed a memorandum of understanding (MoU) with ASMPT Singapore to establish semiconductor assembly equipment infrastructure for its chip packaging units in Assam and Karnataka. This partnership will enhance workforce training, service engineering infrastructure, automation, and R&D in advanced packaging technologies like wirebond, flip chip, and integrated system packaging. ASMPT will support Tata…
MegaCharge ties up with NHEV for 660 EV charging points
MegaCharge, the electric vehicle (EV) charging arm of Mega Nirman & Industries Limited, has partnered with the National Highways for Electric Vehicles (NHEV) initiative to deploy 660 charging points along a planned 5,500 km e-highway corridor across India. NHEV covers 26 national highways and expressways across 14 states and is structured under the Annuity Hybrid…
Karnataka to set up transmission system for 2,000 MW Sharavathi pumped storage project
The Government of Karnataka has issued an order to establish the transmission system for evacuating power from the 2,000 MW Sharavathi Pumped Storage Hydel Project. REC Power Distribution Company Limited (REC PDCL) has been appointed as the bid process coordinator. The project will follow a tariff-based competitive bidding (TBCB) process. REC Power Development and Consultancy…
Bank of Baroda launches India’s first domestic green infrastructure bond
Bank of Baroda has raised Rs 10,000 crore through the issuance of green infrastructure bonds in the domestic market, becoming the first Indian bank to undertake such an issuance. The bonds are aimed at financing renewable energy and other eligible sustainable infrastructure projects. The bank issued Series I Long-Term Green Infrastructure Bonds with a tenure…
